Rockingdeals Circular IPO vs Sheetal Universal IPO

Comparison between Rockingdeals Circular IPO and Sheetal Universal IPO.

IPO Details

Rockingdeals Circular IPO is a SME Fixed Price IPO proposed to list at NSE SME while Sheetal Universal IPO is a SME Fixed Price proposed to list at NSE SME.

	Rockingdeals Circular IPO	Sheetal Universal IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Bookbuilding	Fixed Price
Listing At	NSE SME	NSE SME
Lead Managers	Corporate Capitalventures Pvt.Ltd.	Beeline Capital Advisors Pvt.Ltd.
Registrar	Bigshare Services Pvt.Ltd.	Bigshare Services Pvt.Ltd.
Market Maker	SS Corporate Securities Ltd.	Spread X Securities Pvt.Ltd.
DRHP	DRHP	DRHP
RHP	RHP	RHP
Anchor Investor	Anchor Investor
IPO Allotment URL	IPO Allotment URL	IPO Allotment URL

Issue Size and Price

The total issue size of Rockingdeals Circular IPO is up to ₹19.81 Cr whereas the issue size of the Sheetal Universal IPO is up to ₹22.60 Cr. The final issue price of Rockingdeals Circular IPO is ₹140.00 per share and of Sheetal Universal IPO is ₹70.00 per share.

	Rockingdeals Circular IPO	Sheetal Universal IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹136.00 per share
Issue Price (Upper)	₹140.00 per share
Issue Price (Final)	₹140.00 per share	₹70.00 per share
Discount (Retail)	₹0.00 per share	₹0.00 per share
Discount (Employee)
Market Lot Size	1000 shares	2000 shares
Fresh Issue Size	14,15,000 shares	32,28,000 shares
Fresh Issue Size (Amount)	up to ₹19.81 Cr	up to ₹22.60 Cr
OFS Issue Size	0 shares	0 shares
OFS Issue Size (Amount)	up to ₹0.00 Cr	up to ₹0.00 Cr
Issue Size Total	14,15,000 shares	32,28,000 shares
Issue Size Total (Amount)	up to ₹19.81 Cr	up to ₹22.60 Cr

IPO Timetable

Rockingdeals Circular IPO opens on Nov 22, 2023, while Sheetal Universal IPO opens on Dec 04, 2023. The closing date of Rockingdeals Circular IPO and Sheetal Universal IPO is Nov 24, 2023, and Dec 06, 2023, respectively.

	Rockingdeals Circular IPO	Sheetal Universal IPO
Anchor Bid Date	Nov 21, 2023
Issue Open	Nov 22, 2023	Dec 04, 2023
Issue Close	Nov 24, 2023	Dec 06, 2023
Basis Of Allotment (Tentative)	Nov 28, 2023	Dec 07, 2023
Initiation of Refunds (Tentative)	Nov 29, 2023	Dec 08, 2023
Credit of Share (Tentative)	Nov 29, 2023	Dec 08, 2023
Listing date (Tentative)	Nov 30, 2023	Dec 11, 2023
Anchor Lockin End date 1	Dec 28, 2023
Anchor Lockin End date 2	Feb 26, 2024

Financials & KPIs

Rockingdeals Circular IPO P/E ratio is 33.33, as compared to Sheetal Universal IPO P/E ratio of 27.34.

Rockingdeals Circular IPO

Sheetal Universal IPO

Financials

Rocking Deals Circular Economy Limited Financial Information (Restated)

Rocking Deals Circular Economy Limited's revenue decreased by -1.01% and profit after tax (PAT) rose by 974.19% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended	30 Jun 2023	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	1,437.45	1,226.60	1,397.27	1,863.09
Total Income	958.15	1,517.53	1,533.08	1,069.62
Profit After Tax	125.15	154.34	14.37	-1.48
Net Worth	818.46	693.31	538.97	539.48
Reserves and Surplus	450.58	681.05	526.71	527.21
Total Borrowing	372.81	393.20	406.10	411.85
Amount in ₹ Lakhs

Sheetal Universal Limited Financial Information (Restated Consolidated)

Sheetal Universal Limited's revenue increased by 230.49% and profit after tax (PAT) rose by 602.4% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended	31 Aug 2023	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	4,370.03	2,804.02	1,602.82	1,272.15
Total Income	5,826.93	13,165.68	3,983.67	3,883.53
Profit After Tax	187.67	198.85	28.31	25.41
Net Worth	1,046.89	649.22	450.37	422.07
Reserves and Surplus	241.29	299.22	100.37	72.07
Total Borrowing	1,463.22	1,356.24	984.80	625.07
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

88.45

Promoter Shareholding (Post-Issue)

65.00

66.81

P/E Ratio

33.33

27.34

Market Cap

₹79.23 Cr.

₹80.19 Cr.

ROE

25.05%

36.17%

ROCE

22.73%

21.59%

Debt/Equity

2.09

EPS

₹4.20

₹2.56

RoNW

22.26%

30.63%

Shares Offered

In the Rockingdeals Circular IPO Retail Individual Investors (RII) are offered 5,00,000 shares while in Sheetal Universal IPO retail investors are offered 5,00,000 shares. Qualified Institutional Buyers (QIB) are offered 2,80,000 shares in Rockingdeals Circular IPO and in Sheetal Universal IPO.

	Rockingdeals Circular IPO	Sheetal Universal IPO
Anchor Investor Reserveration	4,20,000 shares
Market Maker Reserveration	85,000 shares	1,72,000 shares
QIB	2,80,000 shares
NII	2,15,000 shares	16,14,000 shares
RII	5,00,000 shares	16,14,000 shares
Employee
Others
Total	14,15,000 shares	32,28,000 shares

Bids Received (Subscription)

Rockingdeals Circular IPO subscribed 213.64x in total, whereas Sheetal Universal IPO subscribed 179.20x.

	Rockingdeals Circular IPO	Sheetal Universal IPO
QIB (times)	47.38x
NII (times)	458.60x	212.55x
Big NII (times)
Small NII (times)
RII (times)	201.42x	129.73x
Employee (times)
Other (times)
Total (times)	213.64x	179.20x

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